Finastra has announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community. The move expands Bank Midwest’s collaboration with the financial software provider, utilising its Phoenix core solution and Digital Banking to go to market quickly and efficiently.
“When we made the decision to launch OnePlace.bank, we turned to our partners at Finastra, leveraging their agile solutions and partner ecosystem to build a digital bank specifically tailored to healthcare professionals,” said Bryan Wilken, Chief Information Operations Officer at Bank Midwest. “We offer a personalised, tailored and consistent customer experience, and we know that our loyal customers expect the latest products and services. With Finastra’s platform, commitment to open finance, and expertise, we can deliver on this promise quickly and efficiently, allowing us to deliver innovative solutions and exceed customer expectations.”
Building on the bank’s OnePlace Capital business line, which offers unique equipment financing options tailored to meet the needs of dental, medical, and veterinary practices, the digital bank represents a natural progression for the brand. OnePlace.bank is now the virtual home of this niche loan programme, which also offers new deposit, treasury management and ancillary banking services designed specifically for healthcare professionals.
“Digital transformation is at the foundation of our strategy of improving the convenience and efficiency of our delivery, allowing us to continue our focus on new and innovative products and services healthcare professionals need to thrive in this ever-changing marketplace,” added Scott Stewart, President of OnePlace Capital.
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